Summary:

Union Minister Piyush Goyal stated that India's GDP, currently valued at US$ 3.5 trillion, could reach US$ 35 trillion within 25 years. Speaking at the Amazing Goa Global Business Summit 2024, he attributed India's prosperity to strong economic fundamentals such as low inflation, large foreign exchange reserves, and a favorable investment climate. Goyal acknowledged India's growth from a 'fragile five' economy in 2014 to the fifth-largest, with Prime Minister Modi aiming for third place.

Goa Chief Minister Dr. Pramod Sawant emphasized the state's commitment to Prime Minister Narendra Modi's vision of transforming Goa into a hub for emerging sectors beyond tourism. Former Union Minister Suresh Prabhu highlighted India's lower investment risks under Modi's leadership, positioning the country as a reliable partner in global supply chains. The Amazing Goa Global Business Summit 2024 will feature informative sessions, business-to-business meetings, and activities to encourage investment in the coastal state.

Source: IBEF 

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